Expanding into foreign markets is exciting for any business, but is also laden with pitfalls that many overlook solely because they don’t know which questions to ask or rush into deals without properly weighing all of their options. Thrive brings a myriad of experience to the decision-making process when expanding into foreign markets. We are committed to helping your team expand your Canadian manufacturing operation to new markets that will allow your business to grow and prosper.
Expansion success can be achieved in many ways: acquisitions, joint ventures, licensing, royalty arrangements, or greenfield and brownfield development. Thrive has hands-on experience with each of these ventures in markets including the USA, Mexico, Brazil, China, Germany, Czech Republic, and the UK. Not every expansion plan needs to be expensive. Still, other markets should be entered with more caution. Developing markets are important to most manufacturing operations, but special care must be taken within them. Thrive will ensure that your enterprise’s entrance into developing markets is manageable, not only from a capital perspective but also from management resources, product development, marketing, and business development perspectives.
